GBPEUR Approaching Resistance, Prepare For A Reversal
GBPEUR is approaching its resistance at 1.1722 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 1.1572 (61.8% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap support).
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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